Glass
14th August 2010, 05:11 PM
I found this interesting. Things I don't like: a bit dry and the apologies or excuses for the "system" people like this put in their work.
I'd like them to stop doing it. The system is being gamed, the algorithms are not "fooled" by the keynesian economic they simply crunch the numbers so stop pretending like it's all an accident that no one wanted to happen.
In the end, Keynesian stimulus ultimately fooled us all. It roped in the politicians of the richest countries and set them on an unsustainable course of debt issuance. Recent Keynesian stimulus has even managed to fool the sophisticated economic models designed by central banks. The process of accounting for massive government spending ‘confuses’ the models into calculating a recovery trajectory when it doesn’t exist[/size]
link....... (http://www.sprott.com/Docs/MarketsataGlance/07_10%20Fooled%20by%20Stimulus.pdf)
It didn't fool anyone but a fool. Fool!
And NO Mr T. I won't.
I'd like them to stop doing it. The system is being gamed, the algorithms are not "fooled" by the keynesian economic they simply crunch the numbers so stop pretending like it's all an accident that no one wanted to happen.
In the end, Keynesian stimulus ultimately fooled us all. It roped in the politicians of the richest countries and set them on an unsustainable course of debt issuance. Recent Keynesian stimulus has even managed to fool the sophisticated economic models designed by central banks. The process of accounting for massive government spending ‘confuses’ the models into calculating a recovery trajectory when it doesn’t exist[/size]
link....... (http://www.sprott.com/Docs/MarketsataGlance/07_10%20Fooled%20by%20Stimulus.pdf)
It didn't fool anyone but a fool. Fool!
And NO Mr T. I won't.